IMF

Portugal’s President Won’t Allow Leftists to Form a Government

teleSUR – October 23, 2015 Portuguese President Anibal Cavaco Silva said he will not allow a coalition of leftist parties to form a government despite the fact that they won an outright majority in parliamentary elections held earlier this month. The president said Thursday that he gave conservative Prime Minister Pedro Passos Coelho the mandate […]

Twenty-First-Century Fascism: Private Military Companies in Service to the Transnational Capitalist Class

Globalization of trade and central banking has propelled private corporations to positions of power and control never before seen in human history. Under advanced capitalism, the structural demands for a return on investment require an unending expansion of centralized capital in the hands of fewer and fewer people. The financial center of global capitalism is so highly concentrated that less than a few thousand people dominate and control $100 trillion of wealth.

Ukrainian Finance Minister: $40 Bln in Assistance Not Enough

Sputnik – 11.10.2015 Finance Minister Natalia Yaresko considers a $40 billion assistance program from the IMF not enough to guarantee Ukraine’s economic stability in the long-term. In an interview with the Financial Times, Yaresko called for the United States, the EU and other loaners to double financial assistance to the conflict-torn state in 2016. “Ukraine […]

Terminological Inexactitudes: Excerpt from an Etiquette Manual for Deceit

Falsehood and delusion are allowed in no case whatever: But, as in the exercise of all the virtues, there is an œconomy of truth. It is a sort of temperance, by which a man speaks truth with measure that he may speak it the longer.
— Edmund Burke, Letters on a Regicide Peace (1796)
Truth is the most valuable thing we have. Let us economize it.
— Mark Twain, Following the Equator (1897)

Overcoming Fabianism in Labour’s Class War of Attrition

Last week a new leader of the British Labour Party was chosen. Already the chimes can be heard from the belfries of thousands of Labour parishes, with coronation eulogies published in the journals of political dissent. The abdication of the Miliband dynasty would seem to herald the end of New Labour’s reign of terror begun when Thatcher acolyte, Anthony Charles Lynton Blair kissed hands in 1997.